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Oct 15, 2013
10/13
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ALJAZAM
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and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go before possible default, house conservatives are back on the sideline. while senate gop leader mitch mcconnell searches for a last-minute deal with democrats. >> perhaps tomorrow will be a bright day. we are not there yet, we hope it will be. >> reporter: negotiations are at such a sensitive stage it was dealed as a positive development with a 3:00 p.m. monday meeting called here at the white house between house and senate leaders was postponed because they were hammering out details behind closed doors. back to you. >> thank you, mike viqueira reporting from the
and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go...
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Oct 8, 2013
10/13
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ALJAZAM
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>> america does have a debt problem, but at the same time not raising the debt ceiling is not the way to handle the debt problem. at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors abroad, so they may not be willing to buy any u.s. debt. even the bonds that we have out there now might become due, and we won't be able to roll that over and get anybody to lend money to us any more. >> that brings us to the point of the chinese vice foreign minister fro and from japan, wht would the international ramifications of a default be? what would they be? >> for example, the value of the dollar would tumble. that would have huge impacts on everybody globally. the u.s. currency is still the global currency. this would effect everybodi' economy. but locally here in the u.s. it would definitely have an impact on advi
>> america does have a debt problem, but at the same time not raising the debt ceiling is not the way to handle the debt problem. at this point we have to raise the debt ceiling to avoid a catastrophic economic event. >> could a debt default, we've been talking about it with jonathan betz. could a debt default be worse or as bad as the crisis of 2008? >> it could have global ramifications. >> how so? >> for example, we might lose the credibility with our creditors...
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Oct 9, 2013
10/13
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ALJAZAM
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he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not -- they will spepbs tpaoeu public anger about not raising the debt ceiling and pressure republicans even more. . >> we have new information for you on what has happenened here. let me move over so you can see the storm that we're talking about. the storm has upgradeed this hour of activity to a cyclone. a cyclone, typhoon, hurricane are all the same types of system. it just depends geographically what you're talking about. we're very concerned because it's a closed up area. it will make land fall somewhere and the new -- it is going to make land fall in
he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not...
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Apr 14, 2013
04/13
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FOXNEWSW
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the fact they have to get a deal on raising the debt ceiling by this summer is an impetus i think could yield some type of an agreement over the next couple of months or so. >> you know what? bygo. you are right. can you have a raising or adjusting of the debt limit without a budget? it can't happen, right? >> well, it can happen. but there has to be agreement on the parameters of a deal. the president said he is not negotiating over the debt ceiling. but in a way he is. whether you have two separate deals one on cutting the budget and one raising the debt ceiling, republicans won't raids the debt ceiling without anything in return. the president knows that. the fact they're talking and that didn't happen before, and maybe partisanship is coming back. there is more bipartisan than last year. >> eric: let me add this. >> jamie: republicans may get something they don't want, the higher taxes. again. >> right. >> jamie: is that a deal-breaker? how do they come together on that? >> the republicans, they would raise some taxes. they say if you are going to use the revenue to lower other taxe
the fact they have to get a deal on raising the debt ceiling by this summer is an impetus i think could yield some type of an agreement over the next couple of months or so. >> you know what? bygo. you are right. can you have a raising or adjusting of the debt limit without a budget? it can't happen, right? >> well, it can happen. but there has to be agreement on the parameters of a deal. the president said he is not negotiating over the debt ceiling. but in a way he is. whether you...
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Oct 10, 2013
10/13
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ALJAZAM
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is also just a week away from a crucial debt line, the debt ceiling -- if the debt ceiling isn't raised the u.s. could default for the first time. serious situation here. how are those negotiations going? the treasury secretary is giving evidence even as we speak, and he has warned that any default with failure to reach a deal to raise the debt ceiling will have serious implications for the united states economy. and therefore, by extense for the world economy. some republicans are saying look, if we don't start, we would immediately be in default, we could do some sort of deal in the longer term, but there is no immediate pressing concern. what other financial experts are saying this is a hugely unpredictable area. ronald ragan warned against it when he is president, so he is saying please don't do this because we don't know what the consequences will be. but there's a real concern that the recovery they are begin tock see that could be tanked if they decide not do raise the debt ceiling. there are many that are weary of this, but they also want to see if they can get a longer deal. so
is also just a week away from a crucial debt line, the debt ceiling -- if the debt ceiling isn't raised the u.s. could default for the first time. serious situation here. how are those negotiations going? the treasury secretary is giving evidence even as we speak, and he has warned that any default with failure to reach a deal to raise the debt ceiling will have serious implications for the united states economy. and therefore, by extense for the world economy. some republicans are saying look,...
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Feb 14, 2013
02/13
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CSPAN2
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the amount we raised the debt ceiling. you get to spend that money now, and it was spent in 18 months. we already hit the debt ceiling again. we would raise this debt ceiling $2.1 trillion, and an agreement was reached to reduce spending over the next ten years by $2.1 trillion. so that was then. the president signed that. the democratic leader in the senate agreed to that. the speaker of the house, the republican, agreed to that. that became the law. well, we were on path at that time -- and these are numbers that we live with every day. i'm the ranking republican on the budget committee, and it's just a constant item in our face out there. we were then spending $3.7 trillion a year. if you extend that for ten years, you would spend $37 trillion over ten years. but the budget was expected to grow. it was expected to grow to $47 trillion. so at the end of that time, we would have increased spending by $10 trillion almost. this deal would have said that we wouldn't spend $47 trillion but $45 trillion, thereby reducing the i
the amount we raised the debt ceiling. you get to spend that money now, and it was spent in 18 months. we already hit the debt ceiling again. we would raise this debt ceiling $2.1 trillion, and an agreement was reached to reduce spending over the next ten years by $2.1 trillion. so that was then. the president signed that. the democratic leader in the senate agreed to that. the speaker of the house, the republican, agreed to that. that became the law. well, we were on path at that time -- and...
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Oct 17, 2013
10/13
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KNTV
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nothing says the president is raise the debt ceiling. it's kind of the best choice of two bad options. >> finally, a congressional deal takes flight hours before a deadline to raise the debt ceiling or suffer the first default in u.s. history. >> but in the end, political adversaries set aside their differences and disagreements. >> before we go patting ourselves on the back, these principal players are likely going to be riding the same political carousel in a few months. >> it's a difficult situation. it's hard to see how we're going to git out of this moving forward in a way that's healthy and constructive. all we're talking about now is let's kick the can down the road for two months. >> some u.s. policy think tankers like saul jack man of the brookings institution say the president should raise the debt ceiling himself next time should it come to that. >> has this ever happened in the history of our government, has the president ever unilaterally raised the debt ceiling? >> never to raise it directly. there's no precedent of the eme
nothing says the president is raise the debt ceiling. it's kind of the best choice of two bad options. >> finally, a congressional deal takes flight hours before a deadline to raise the debt ceiling or suffer the first default in u.s. history. >> but in the end, political adversaries set aside their differences and disagreements. >> before we go patting ourselves on the back, these principal players are likely going to be riding the same political carousel in a few months....
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Oct 8, 2013
10/13
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ALJAZAM
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he also negotiated with the blue dog democrats to raise the debt ceiling in 2010. so the way to resolve this is to sit down and have a conversation to resolve our differences. >> reporter: so the speaker saying the problem is not with him or his caucus, although in the past he has taken a much firmer stance. and bottom line is the white house isn't going to sit down to talk if the affordable care act being involved. >> how are americans reacting to the first full week of the shutdown. >> reporter: here in washington it is being felt. and i just ran into some people who were so frustrated because they didn't realize so many parts of washington would be shut down for a trip they have been waiting months to take. and we're hearing response from members of congress. a democrat of california spoke of that today. >> we have now experienced in the last week of this republican government shutdown, the largest drop in american's confidence in their economy. and if our republican colleagues don't think this is serious. shutting down the government intentionally so they can g
he also negotiated with the blue dog democrats to raise the debt ceiling in 2010. so the way to resolve this is to sit down and have a conversation to resolve our differences. >> reporter: so the speaker saying the problem is not with him or his caucus, although in the past he has taken a much firmer stance. and bottom line is the white house isn't going to sit down to talk if the affordable care act being involved. >> how are americans reacting to the first full week of the...
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Oct 3, 2013
10/13
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ALJAZAM
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the government shutdown is bad enough, but failure to raise the debt ceiling would be far worse. and could very seriously damage not only the u.s. economy, but also the entire global economy. people around the world are confused. they're bemused but certainly not abuse amused by what is hapg in this country because it will effect the global economy it were to materialize. i personally have huge trust in policymakers and i hope very strongly they will find a way to end this issue. thiit is mission critical that s be resolved as soon as possible. mission critical. >> so could the government shutdown about the grinch that stole christmas? the national retail federation is warning a prolonged shutdown could hurt shoppers. right now they anticipate a retail increase of 3%. boeing said deliveries of some of its new 787 dreamliner jets could be delayed because faa officials who sign off on the planes have been furloughed. united technologies warns 5,000 of its workers could be let go if no agreement is reached by november. the company makes helicopters and engines for the military. >>>
the government shutdown is bad enough, but failure to raise the debt ceiling would be far worse. and could very seriously damage not only the u.s. economy, but also the entire global economy. people around the world are confused. they're bemused but certainly not abuse amused by what is hapg in this country because it will effect the global economy it were to materialize. i personally have huge trust in policymakers and i hope very strongly they will find a way to end this issue. thiit is...
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vote nay, you would not vote to raise the debt ceiling. is that what i'm hearing? >> i wouldn't want to do that because i think the people of this nation are expecting us to review the spending processes of this country and begin to get it under control. $17 trillion worth of debt and the clock ticking on that. obama care being a $2.6 trillion program going to add another $1.75 trillion worth of debt over the next decade. at least at minimum. you know, when you look at all of this, wolf, it is not fair to our children and grandchildren for people who are elected today to just kick this can down the road. >> i understand those points you're making. but do you fully appreciate what a lot of almost all economists say would be the results of a failure to raise the debt ceiling? >> absolutely, i would fully appreciate that. i fully appreciate it. and the reason we continue, the reason we continue to have a debt ceiling debate is because we do not get the spending under control. if we want to get america back on an economic growth agenda, what w
vote nay, you would not vote to raise the debt ceiling. is that what i'm hearing? >> i wouldn't want to do that because i think the people of this nation are expecting us to review the spending processes of this country and begin to get it under control. $17 trillion worth of debt and the clock ticking on that. obama care being a $2.6 trillion program going to add another $1.75 trillion worth of debt over the next decade. at least at minimum. you know, when you look at all of this, wolf,...
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Jan 5, 2013
01/13
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CNNW
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together with the raising of the debt ceiling. he says he is not going to play that game. will he have any choice? >> look, that is the kind of brinksmanship i'm talking about. we should not negotiate on the full faith and credit of a u.s. government. that is crazy. why would we want to put our economy through that? but there are lots of things we can negotiate on. we do have a sequester, we do have the end of the continuing resolution. we have lots of things coming up that will force us to make some of the tough decisions. >> here is what mitch mcconnell wrote on yahoo! news. i'll read about it, he is going after the president. he is the republican leader in the senate. predictably the president is claiming already that his tax hike on the rich is not enough. i have news for him, the moment that he and every other elected official signed off on the current arrangement, it was the last word on taxes. that debate is over. what he is saying it is now all about spending cuts, no more discussion of taxes for all practical purposes. no
together with the raising of the debt ceiling. he says he is not going to play that game. will he have any choice? >> look, that is the kind of brinksmanship i'm talking about. we should not negotiate on the full faith and credit of a u.s. government. that is crazy. why would we want to put our economy through that? but there are lots of things we can negotiate on. we do have a sequester, we do have the end of the continuing resolution. we have lots of things coming up that will force us...
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Jan 15, 2013
01/13
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CNBC
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economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there and everybody knows where we need to go. >> all right. let's remind you what's on today's show. we take a look out at the auto show. 5:30 eastern. spain is set to tap the bond market today. it's going to tell 12 and 18-month t bills. analysis is due in about 30 minutes' time. >>> and we'll head out to new york for discussions about dell going private. we'll have that discussion at 5:20 eastern time. before that, we'll head over to singapore to talk iron ore as rio tinto says it's boosting production by 15% this year. >>> meanwhile, just over an hour and 10 minutes into t
economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but the final aim is there...
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Sep 19, 2013
09/13
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MSNBCW
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. >> had never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that had nothing to do with the budget and had nothing to do with the debt. >> there you have it. let's go straight to new york democratic congressman charles rangel and he sits on the house, ways and means committee. representative, always good to see you here. as you well know, you've been around those halls a long time here and one might ask why are folks on your side of the aisle now causing what's happening right now basically crazy town. >> because it just doesn't make any sense. i -- we are not going close on the government. i wish i was a fly on the wall when these republicans get together, but what they have done because of their madness in opposition to national health is to put this as a poison pill as to whether or not the president of the united states can tell the international community who bought our debt that we're going to pay them. the other thing is that in a couple of
. >> had never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that had nothing to do with the budget and had nothing to do with the debt. >> there you have it. let's go straight to new york democratic congressman charles rangel and he sits on the house, ways and means committee. representative, always good to see you here. as you well know, you've...
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Oct 17, 2013
10/13
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KCSM
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many of them joined the democrats, voting to raise the debt ceiling. the government can now borrow additional funds for the next four months. that's a shorter period of time than president barack obama had hoped for. the lawmakers also approved a stopgap budget to end the partial shutdown of government services that began two weeks ago. the white house instructed federal employees to return to work on thursday. the bill calls for setting up a panel to discuss deficit reduction over the long term in response to republican demands that the deal only calls for slight revisions to obama's health care reforms. a number of republicans are opposed to the affordable care act. house speaker john boehner said his party fought the good fight, and he said the republicans will continue to work toward cuts in spending. senate majority leader harry reid said averting the crisis was historic. >> let's be honest. this was pain inflicted on our nation for no good reason and cannot make -- we cannot, cannot make the same mistake again. >> president obama signed the bill
many of them joined the democrats, voting to raise the debt ceiling. the government can now borrow additional funds for the next four months. that's a shorter period of time than president barack obama had hoped for. the lawmakers also approved a stopgap budget to end the partial shutdown of government services that began two weeks ago. the white house instructed federal employees to return to work on thursday. the bill calls for setting up a panel to discuss deficit reduction over the long...
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Oct 11, 2013
10/13
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CNN
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the debt ceiling? >> no, wolf, everything is on the table. we're trying to put a lot of things on the table to get the government open, to make sure that the debt ceiling's extended and to get our economy moving again, and of course, obama care is one of those things that's holding our economy back. obviously there's a lot of big issues we want to address to get the economy moving again so that american families that were struggling before the shutdown are able to actually -- >> when the dust settles and there's no reference at all to obama care, will you vote to reopen the government and raise the debt ceiling? if there's no mention of obama care in the legislation whatsoever? >> obviously i want to see what a deal is. >> say there's no reference to it at all. what happens? >> i don't deal in hypotheticals but we're pushing to get the problems of obama care addressed. what about just fairness? the fact that president obama himself exempted members of congress from this law, if it's so good, shouldn't
the debt ceiling? >> no, wolf, everything is on the table. we're trying to put a lot of things on the table to get the government open, to make sure that the debt ceiling's extended and to get our economy moving again, and of course, obama care is one of those things that's holding our economy back. obviously there's a lot of big issues we want to address to get the economy moving again so that american families that were struggling before the shutdown are able to actually -- >>...
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Oct 14, 2013
10/13
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CSPAN
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your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i guess this is going to happen october 17. sure scares tuple. guest: it's not just brinkmanship, but america's reputation overseas. host: caller, you are on the air. caller: hello, everyone. i think we see -- host: all right, let's move on to nicole in jackson city. caller: i was calling to talk but the government shutdown. i have a niece. she is in college. her child was in head start. the thing with parents -- they have to overcome and yesterday in the grocery store, there was a woman in there behind her. they had 9 children. they got the groceries. they coul
your annual budget and opportunities to raise the debt ceiling. what is important is you take the issues, try to get some concessions are you do not have to raise the debt ceiling the next time. this is your only opportunity to exercise controls on spending. but the system counts on the people coming together. it has gotten to the point now where it is out of hand. guest: you get to the point where you get the best deal you can. both sides do not get what they want, but they get something. i...
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Oct 17, 2013
10/13
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KCSM
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the deal will allow the government's debt ceiling to be raised so that it can borrow additional funds until early february. >> in the end, political adversaries set aside their differenceness and disagreements to prevent the disaster. the deal includes discussions on the mid and long-term budget plans and spending cuts. republicans are demanding the cuts as a condition for reopening the government and lifting the debt limit. even after the bills are approved by both the senate and house, they will only provide the government with time-limited fiscal measures. they pushed to postpone president obama's health care reforms but the deal only calls for slight changes to obama care. democrats controlled the senate so they're expected to pass the bill in that chamber. the republicans control the house of representatives and representatives there need to athe deal. house speaker john boehner says house republicans will not block the plan. >>> south korea has denied reports it is adopting a u.s. missile defense system or buying american-made antiballistic missiles. the defense minister says th
the deal will allow the government's debt ceiling to be raised so that it can borrow additional funds until early february. >> in the end, political adversaries set aside their differenceness and disagreements to prevent the disaster. the deal includes discussions on the mid and long-term budget plans and spending cuts. republicans are demanding the cuts as a condition for reopening the government and lifting the debt limit. even after the bills are approved by both the senate and house,...
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Oct 8, 2013
10/13
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ALJAZAM
tv
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the debt ceiling. are we of the belief that this is a real solution? >> it is certainly harry reid trying to get a jump on the deadline. but first he has to get some republican support. right now we don't know if he will get that, but if he does the senate can pass it and send it to the house. >> even if washington is not feeling the public pain there are now solid stories that pain is being felt. we heard two congress men indicating there is now a trickle-down effect to all of this gridlock in washington. >> yes, private secretary pain being felt by lockheed workers, 3,000 of them laid off, contract twhors cannot do their work if federal workers are furloughed, so they can't get paid. and that's happening all over the country, and we also are hearing unfortunately that people who receive social security, the people dependent on those checks may be seeing some delays. it is not a pretty picture going forward, and hopefully something can be resolved before we hit the wall. >> randall sometimes cab drive
the debt ceiling. are we of the belief that this is a real solution? >> it is certainly harry reid trying to get a jump on the deadline. but first he has to get some republican support. right now we don't know if he will get that, but if he does the senate can pass it and send it to the house. >> even if washington is not feeling the public pain there are now solid stories that pain is being felt. we heard two congress men indicating there is now a trickle-down effect to all of this...
WHUT (Howard University Television)
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93
Jan 4, 2013
01/13
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WHUT
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president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old school remains closed. a gunman entered sandy hook elementary last month killing 20 of their school mates and six adults. the attack prompted president barack obama to push for tighter gun control. he suggests he wants to ban assault rifles and strengthen background checks. a recent poll suggests many americans still oppose a ban on the sale of assault rifles. the national rifle association carried weight across capitol hill and many republicans too are against further restrictions. >>> al jazeera has set its sights on one of the world's biggest tv markets, the united states. the satellite television network h
president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old...
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Oct 31, 2013
10/13
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KCSM
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the debt ceiling. lawmakers approved a bill two weeks ago to re-open the government and avoid a default. and the approved a stop gap budget through the middle of january. panel members have until the middle of december so agree on a longer term plan and have to work towards easing automatic spending cuts that started in march. the chairman of the house of representatives budget committee, paul ryan and the chair of the senate budget committee, patty murray, called for compromise. but republicans and democrats are still wide amart on taxing the wealthy, cutting spending and other issues. some fear another government shutdown, if lawmakers do not find common ground. officials at the u.s. federal reserve say they'll continue the massive bomb buying program. the official also study whether the recent u.s. government shutdown had any affects on the economy or job market. >>> chinese authorities believe the ethnic uighurs were behind the bombing in tienemen square. >>> china's central television said authori
the debt ceiling. lawmakers approved a bill two weeks ago to re-open the government and avoid a default. and the approved a stop gap budget through the middle of january. panel members have until the middle of december so agree on a longer term plan and have to work towards easing automatic spending cuts that started in march. the chairman of the house of representatives budget committee, paul ryan and the chair of the senate budget committee, patty murray, called for compromise. but...
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Oct 17, 2013
10/13
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CNNW
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the debt ceiling raised until early february. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see there did vote for it, joining 100%, every single democrat in that chamber. our jim acosta begins our coverage. >> the motion is adopted. >> reporter: just as the nation was on the brink, the house of representatives blinked. and passed the better senate compromise to raise the nation's debt ceiling. after a 16-day shutdown, the federal government will come back to life. thousands of employees returning to work in washington to critical medical research programs, to national parks, even the panda cam and the national zoo. >> we will begin reop
the debt ceiling raised until early february. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see...
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Oct 8, 2013
10/13
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CNBC
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eye 104
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cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the same time, new polls show the republicans are drawing more fire from the government shutdown than the democrats or president obama. a survey by the pugh research center find 38% blame the gop while 30% blame the administration. that's more sharply divided than two weeks ago. but 58% of democrats and 54% of republicans say it would be unacceptable for their side to back down. that's not a great stat. overall, a majority of the public is concerned about the economic impact of the closure. >>> at the same time, top wall street executives warning that any efforts to prioritize payment of the u.s. debt ceiling is breached could pose risks. according to the journal, meetings with the white house bank ceo ons say putting some ahead of others would create uncertainty, driving up interest rates and disrupting markets. the general said the social security administration has begun warning that it can't guarantee it will be able to make ful
cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the same time, new polls show the republicans are drawing more fire from the government shutdown than the democrats or president obama. a survey by the pugh research center find 38% blame the gop while 30% blame the administration. that's more sharply divided than two weeks ago. but 58% of democrats and 54% of republicans say it would be unacceptable for their side to...
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Jan 15, 2013
01/13
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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Jan 15, 2013
01/13
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"raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them." president obama warns that if the debt limit is not raised or used as leverage by republicans, markets would go haywire, interest rates would rise, and checks to military veterans and people on social security would end. gop senate minority leader mitch mconnel reponded by saying, "the president and his allies need to get serious about spending, and the debt-limit debate is the perfect time for it." traders will get their first opportunity to react to comments at the market close yesterday by federal reserve chairman ben bernanke. among the highlights, the fed chair says, the federal government is not out of ammunition, the fed's bond-buying program is not likely to lead to higher inflation, and the fed sees positive signs in the economy. bernanke made the comments during an appearance at the university of michigan. nike i
"raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up, and we need to pay them." president obama warns that if the debt limit is not raised or used as leverage by republicans, markets would go haywire, interest rates would rise, and checks to military veterans and people on social security would end. gop senate minority leader mitch mconnel...
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Oct 14, 2013
10/13
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open the government, raise the debt ceiling. they both say they want the same thing. >> a couple of questions. they didn't get a conference in the house and the senate because when you're in the house, you get recommit and you get a lot of embarrassing votes up. the republican leadership didn't feel they were helpful on that. the house did something that the senate didn't do. they passed a number of appropriations bills. the senate has passed zero. the senate has passed zero. but it's like 65% of government because you had d.o.d. and some of the others. republicans feel they gave the tax cuts last year when they were expired and tax rates went up for many americans. so obama care's additional tax on people, they felt they've given enough. compromising people have to move off of the positions, that's how you get there. we're at the point where democrats don't think that the republicans are giving enough, vice versa. we have to do the shutdowns and i think -- >> what may come out of this, we don't know yet, but what may come out o
open the government, raise the debt ceiling. they both say they want the same thing. >> a couple of questions. they didn't get a conference in the house and the senate because when you're in the house, you get recommit and you get a lot of embarrassing votes up. the republican leadership didn't feel they were helpful on that. the house did something that the senate didn't do. they passed a number of appropriations bills. the senate has passed zero. the senate has passed zero. but it's...
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Jan 1, 2013
01/13
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the debt ceiling needs to be raised by congress and the republicans feel they have the upper hand over president obama and the democratic party. >> north korea's leader has given a surprise new year's address to the nation. he said that the two koreas should be reunited. but the young leader also stressed the importance of strengthening north korea's military. >> for north koreans used to simplicity rather than extravagance, this was a rare treat. but apparently the leader says that 2012 as a historic year was worth celebrating. there was a successful rocket launched in september. he told the nation that he would build on it. he spoke on the need to improve relations with south korea appear the messages more conciliatory than recent years. >> this year, the entire nation should unite in opening in new chapter to reunite our fatherland. >> he did not denounce the presence of u.s. military troops in south korea. he did not criticize conservative groups in south korea. the studio had been elements in recent editorials. but the softer turn may be driven more by economics than anything else
the debt ceiling needs to be raised by congress and the republicans feel they have the upper hand over president obama and the democratic party. >> north korea's leader has given a surprise new year's address to the nation. he said that the two koreas should be reunited. but the young leader also stressed the importance of strengthening north korea's military. >> for north koreans used to simplicity rather than extravagance, this was a rare treat. but apparently the leader says that...
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Oct 11, 2013
10/13
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. ♪ lou: house speaker puts the dea on the table seeking to raise the debt ceiling for ix weeks, and wall streetejoices. a powerful triple digits gain for the d jones industrials that erased nearly all ofhe lossesince the partial government shutdown began ten days ago. mr. obama makes no determination . i am lou dobbs. ♪ lou: good evening. house republican leaders offered a temporary incrrase in the debt ceiling. in exchange for negotiations on
. ♪ lou: house speaker puts the dea on the table seeking to raise the debt ceiling for ix weeks, and wall streetejoices. a powerful triple digits gain for the d jones industrials that erased nearly all ofhe lossesince the partial government shutdown began ten days ago. mr. obama makes no determination . i am lou dobbs. ♪ lou: good evening. house republican leaders offered a temporary incrrase in the debt ceiling. in exchange for negotiations on
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that we shouldn't do anything but raise the debt ceiling. we should have an agreement we should fix the spending problem. what we don't have agreement is how. they ought to get start on that right away. melissa: speaking how to do that, evan, you're someone in the trenches so many times and got frustrated with the process. what do you think of what's going on right now? >> i don't think much about it, melissa. shows the deep political dysfunction we have at the heart of congress right now or at the heart of our political system. my best guess what's going to happen i think both of our other guests are exactly right. at a time when the economy is weak we don't want an added element of uncertainty flirting with a default would add. god forbid if it adds even marginally our longer term borrowing costs that will cost us real money compounded 30 or 40 years. what i think is going to happen, melissa? i think they will go up to the edge and over by a little bit. i think republicans in the house probably say we will not borrow anymore money without
that we shouldn't do anything but raise the debt ceiling. we should have an agreement we should fix the spending problem. what we don't have agreement is how. they ought to get start on that right away. melissa: speaking how to do that, evan, you're someone in the trenches so many times and got frustrated with the process. what do you think of what's going on right now? >> i don't think much about it, melissa. shows the deep political dysfunction we have at the heart of congress right now...
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washington said, will raise the debt ceiling, but we're really going to is serious about spending cuts. they went right through that before cutting a dime. if most americans are looking, that's not serious. we have two months to get our act in order, and that's the realissue. that's the real fiscal abyss, not just tax increases. don't forget as well yesterday we have the bulk of those trillion dollars in obamacare tax is kicking in as well. this is a double triple whammy on the economy. at the main street level and eventually a wall street as well lou: as you poin out, taxes associated with the affordable care act, they're not looking so affordable. the impact is, as you suggest, deeply concerned. congressman, we thank you for being with us. come back soon. we'll be following you and the 113th congress which begins tomorrow. will find that to the speaker's point to be. congressman, i should poi out one other thing, whatever else the speaker did, it he absolutely demonstrated senate majority leader reid to be a liar. he sure is a dictator. >> well, for those of us who gets stripped of c
washington said, will raise the debt ceiling, but we're really going to is serious about spending cuts. they went right through that before cutting a dime. if most americans are looking, that's not serious. we have two months to get our act in order, and that's the realissue. that's the real fiscal abyss, not just tax increases. don't forget as well yesterday we have the bulk of those trillion dollars in obamacare tax is kicking in as well. this is a double triple whammy on the economy. at the...
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May 23, 2013
05/13
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it is 100% certainty that the debt ceiling will be raised. every republican who here is really saying, let's give the democrats a blank check to borrow any money that they want no reforms, no leadership to fix the problem. i don't think that is consistent with diverse possibilities. finally, much has been said about the budget. the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not debate the debt ceiling. western here is whether the majority of the senate will be allowed to boost the debt ceiling, a totally different issue onto the budget. and the reason for doing it. it would allow passing a debt ceiling increase with just 50 votes and i think it would be profoundly irresponsible. especially for this body to raise the debt ceiling without getting the economy going, getting the jobs back, without stopping the path we are in bankrupting this country. that is what this is about. i yield the floor. >> senator from utah. >> mountain, i
it is 100% certainty that the debt ceiling will be raised. every republican who here is really saying, let's give the democrats a blank check to borrow any money that they want no reforms, no leadership to fix the problem. i don't think that is consistent with diverse possibilities. finally, much has been said about the budget. the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not...
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Oct 8, 2013
10/13
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ceiling or not raising the debt ceiling, 44% said don't raise the debt ceiling. 22% said raise the debt ceiling. i realize we have more choices than that. there could be coupled together with the raising of the debt ceiling some real reforms of our broken entitlement programs, to shore up social security and medicare. but our colleagues and the president of the united states himself has said, no, i'm not going to negotiate. no, i want a clean debt ceiling. no, i want the freedom to max out the credit card another trillion dollars without doing anything to pay off the debt that threatens our country, not only our future prosperity but our national security. i remember very clearly admiral mike mullen, chairman of the joint chiefs of staff, when he was asked what the greatest national security threat to the united states there was, and he said, "the national debt." why would our colleagues -- why would the president of the united states -- ignore what the chairman of the joint chiefs of staff called the most significant national security throat our quun by saying, we're not interested in
ceiling or not raising the debt ceiling, 44% said don't raise the debt ceiling. 22% said raise the debt ceiling. i realize we have more choices than that. there could be coupled together with the raising of the debt ceiling some real reforms of our broken entitlement programs, to shore up social security and medicare. but our colleagues and the president of the united states himself has said, no, i'm not going to negotiate. no, i want a clean debt ceiling. no, i want the freedom to max out the...
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Oct 3, 2013
10/13
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ceiling is not raised, if mercury anythings on its debts that it will send the entire recovery into a tailspin. and that has europe, in particular, deeply, deeply concerned. >> we have remained dry and a little bit of sunshine outside. great for seeing some fall colors. however, withno nooa not working websites telling you where to find these fall colors, we have to rely on where we know they are starting to develop. we are starting to see dry conditions diminish in parts of the mid won't. when we look at the august rain in asheville, it was so far above the normal well above two and a half inches here that now our wet weather to start the season in august has caused a problem with acorns. the harvest is not that big. the lack of it is causing black bears to come down to lower elevations. now we are getting a lot of sightings down in the blue ridge mountains. something to start keep in mind when we talk about weather patterns and how cold it will be for you coming up next. >> thank you. high demand causing problems for the government's health insurance website. mary people finding t
ceiling is not raised, if mercury anythings on its debts that it will send the entire recovery into a tailspin. and that has europe, in particular, deeply, deeply concerned. >> we have remained dry and a little bit of sunshine outside. great for seeing some fall colors. however, withno nooa not working websites telling you where to find these fall colors, we have to rely on where we know they are starting to develop. we are starting to see dry conditions diminish in parts of the mid...
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Dec 20, 2013
12/13
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fight, some republicans have suggested that they're not just going to raise the debt ceiling without getting some sort of concession, and here was his response to that. >> to repeat, the debt ceiling is raised simply to pay bills that we have already accrued. it is not something that is a negotiating tool. it's not leverage. >> jack lew, treasury secretary, is saying we have seven weeks to raise the debt ceiling. where are we heading here? >> how did the showdown work for the republicans last time? not so well. i'm assuming it's like they have been burned on the stove and will not jump back on it and there will be not the same kind of showdown next time. but the tea party republicans, maybe they will do it again. >> i think this is an issue the republicans believe we need a showdown on. most of them believe they are in alignment with the public on that. it's interesting he said i'm not willing to negotiate but i'm willing to talk. guess what, that's negotiating. >> stick around. we will keep you guys for another block. coming up on "the lead" the president talked about the 46 recomme
fight, some republicans have suggested that they're not just going to raise the debt ceiling without getting some sort of concession, and here was his response to that. >> to repeat, the debt ceiling is raised simply to pay bills that we have already accrued. it is not something that is a negotiating tool. it's not leverage. >> jack lew, treasury secretary, is saying we have seven weeks to raise the debt ceiling. where are we heading here? >> how did the showdown work for the...
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Oct 9, 2013
10/13
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they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to thinking of a republican party that was much smaller thanand this one is. this is a raucous caucus, no doubt about it. a lot of people came here in 2020 and 2012. again, they are trying to do the right thing, doing what their constituents want them to do, i would expect a vigorous debate. the democrats are more cohesive than they used to be. the diversity that we used to think of, they are smart -- smaller and further to the left, it makes agreement between the two difficult from the speaker standpoint. host: congressman peter king talk about this clash within
they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to...
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Oct 13, 2013
10/13
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why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major test the something is not done. front page of "cq weekly" talks about the debt deadline -- just to read you a little bit of that article in this week's "cq weekly" -- anthony is on the republican line. i am wondering if mandatory spending is the same as the law that was passed in years ago which any federal agency that provides funds has to spend their entire funds for the year to receive the 10% the following year. is that what the republicans in congress are trying to cut back on so this debt is not floated out of the water, which i feel tha
why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major...
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Jan 11, 2013
01/13
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called the debt ceiling. i'll have more headlines next hour. here is a check on markets. >>> the race is under way to win the olympic honor. tokyo's governor made his pitch no london. he addressed more than 100 foreign journalists. >> i have a big passion for sports to come to london for the games. >> it's clear that tokyo's new olympic stadium will be a great venue perhaps even one of the world's greatest. >> committee members said the 2020 games in tokyo would be a dynamic event that could take place in one of the world's safest and most dynamic cities. tokyo lost out on the 2016 games to rio de the tokyo news team held a meeting there. >> compared to four years ago they've taken a step back. they have learned from the 2016 bid. >> i think their continuing the radiation following the disaster is still an issue. quite often in these situations it's the perception rather than reality that's the problem. >> tokyo is facing two competitors. istanbul, turkey would be the first muslim city to hold the games. crew
called the debt ceiling. i'll have more headlines next hour. here is a check on markets. >>> the race is under way to win the olympic honor. tokyo's governor made his pitch no london. he addressed more than 100 foreign journalists. >> i have a big passion for sports to come to london for the games. >> it's clear that tokyo's new olympic stadium will be a great venue perhaps even one of the world's greatest. >> committee members said the 2020 games in tokyo would be a...
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Oct 13, 2013
10/13
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point if we don't raise the debt ceiling, it will become disruptive. ongoing tax revenue is only about 85% of all the money this government intends to spend in the coming fiscal year. get 85% of everything we intend to spend and tax revenue, the shortfall would have to be covered by borrowing or else we would not be able to pay everything in full and on time. that would be disruptive. but the greatest disruption by far would occur if you were to choose to not pay interest on our debt. senator cantwell made a very compelling argument about the role treasuries play in the world. my question to you, mr. secretary, as secretary of the treasury, are you prepared to and portly the millions of americans who are investors in u.s. treasuries securities and the entire american economy, that under no circumstances will you permit a missed payment on a u.s. treasury security obligation? >> the only way to make sure we pay all of our obligations as for congress to act and raise the debt limit. no president has ever had to decide whether to pay some bills and not ot
point if we don't raise the debt ceiling, it will become disruptive. ongoing tax revenue is only about 85% of all the money this government intends to spend in the coming fiscal year. get 85% of everything we intend to spend and tax revenue, the shortfall would have to be covered by borrowing or else we would not be able to pay everything in full and on time. that would be disruptive. but the greatest disruption by far would occur if you were to choose to not pay interest on our debt. senator...
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Oct 3, 2013
10/13
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are they overexaggerating the impact potentially of not raising the debt ceiling? what's going on here? >> reporter: well, it certainly sounds dire and scary. what they're talking about here, they're saying you can't precisely measure what would happen in the global economy if we don't raise the debt ceiling and how soon it would happen because we have never been here before. the united states always pays its bills on time, every time. that's why it's the center of a global financial complex. that's why it is the gold standard for borrowing and it is a model that other countries are trying to emulate. we have never been here before. the treasury department in that report basically saying that if you don't raise the debt ceiling, the kind of knock-on effects to capital markets freezing, stock markets plunging, all kinds of business grinding to a halt would rival the crisis in 2008, if not the great depression. that's what the treasury department is saying. it's interesting because for the first time in five years, you have america's big bankers and the white house s
are they overexaggerating the impact potentially of not raising the debt ceiling? what's going on here? >> reporter: well, it certainly sounds dire and scary. what they're talking about here, they're saying you can't precisely measure what would happen in the global economy if we don't raise the debt ceiling and how soon it would happen because we have never been here before. the united states always pays its bills on time, every time. that's why it's the center of a global financial...
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Oct 14, 2013
10/13
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the need to the raise the nation's debt ceiling. dana bash is getting new information up on capitol hill. the action clearly on the senate side. what are you learning? >> reporter: we just saw harry reid, the senate democratic leader go back into mitch mcconnell's office. this is at least the second meet they've had today, perhaps more without people even realizing it. that is definitely a good sign. reid himself suggested so going into the office and to the meeting with mitch mcconnell. he said that they're not there yet but they're getting closer. again, this is something he told us earlier, as well. what exactly sort of the final sticking points are? as you can imagine, because this is a very delicate negotiation, they're holding their cards very close to their vests as to what mitch mcconnell may be trying to demand, but big picture, we know that they started out with harry reid making an offer of extending the continuing resolution or the spending bill to reopen the government to about mid-december. and with regard to the debt
the need to the raise the nation's debt ceiling. dana bash is getting new information up on capitol hill. the action clearly on the senate side. what are you learning? >> reporter: we just saw harry reid, the senate democratic leader go back into mitch mcconnell's office. this is at least the second meet they've had today, perhaps more without people even realizing it. that is definitely a good sign. reid himself suggested so going into the office and to the meeting with mitch mcconnell....
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Oct 13, 2013
10/13
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we should have a clean resolution to both raising the debt ceiling and also to open the government. i think the president was absolutely right to stay in washington. some criticized him. they would've criticized him if he left washington for a foreign summit. they would have said he belongs in washington. the secretary of state was there. secretary kerry know how to handle things. i think he handles it well. i think people understand that the president had business in washington. it was not of his doing. he does not like it. he would rather not have this crisis. i think he did what he needed to do. >> when we get there all these these issues,of does congress have an appetite to get into this issue or will it be pushed off in 2015 after the midterm election? >> i hope not. i think immigration reform is something whose time has come. it is something most people understand needs to be done. i hope that will not be a casualty. i know on the democratic side we feel strong about it. the senate passed their version. some of them signed onto nancy pelosi's version. i think it is important.
we should have a clean resolution to both raising the debt ceiling and also to open the government. i think the president was absolutely right to stay in washington. some criticized him. they would've criticized him if he left washington for a foreign summit. they would have said he belongs in washington. the secretary of state was there. secretary kerry know how to handle things. i think he handles it well. i think people understand that the president had business in washington. it was not of...
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Oct 2, 2013
10/13
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but now, another deadline is fast approaching for congress to raise the government's debt ceiling. the treasury department claims the u.s. will exhaust its authority to continue borrowing money if congress doesn't raise that limit by october 17th. that's two weeks away. so analysts say the shutdown standoff could collide with the debt ceiling bout and create one enormous showdown with potentially dire circumstances. wendall is live at the white house. warren, what is the defense worrying about? >> press secretary jay carney said it would be much worse. it could trigger an economic shutdown because the dollar is the currency of record. while republicans suggest that the president negotiate, carney says negotiating in the face of a threat not to raise the debt ceiling would face a dangerous precedent. >> imagine what this process would look like if every time the debt ceiling needed to be raised the minority of one party's reputation of one house could dictate to president of whichever party. what they couldn't achieve through legislative process. and if they didn't get what they wan
but now, another deadline is fast approaching for congress to raise the government's debt ceiling. the treasury department claims the u.s. will exhaust its authority to continue borrowing money if congress doesn't raise that limit by october 17th. that's two weeks away. so analysts say the shutdown standoff could collide with the debt ceiling bout and create one enormous showdown with potentially dire circumstances. wendall is live at the white house. warren, what is the defense worrying about?...